While employers are not legally required to offer severance packages, most employers provide post-termination benefits to employees in a severance agreement. Severance agreements typically include a compensation package for the terminated employee, along with employer protections. At the end of…
The severance agreement and severance pay being offered to you is the initial offer from the company. All severance agreements can be negotiated to work on trying to increase the benefits being offered to you. These benefits usually include the…
Surprisingly, the law does not mandate employers to provide terminated employees with severance packages. An employee of 40 years can be fired and is not entitled to a severance package of any kind – not even two weeks of pay. …
Have you been offered a severance agreement and are looking for a Maryland Severance Lawyer? A Maryland Severance Lawyer can assist you in the review and negotiation of your severance agreement. It can be a scary and intimidating time to…
Can you receive severance and unemployment? This is a common question that our clients ask about prior to signing the severance agreement. However, the answer to this question is very fact specific and state specific. Each state has its own…
With so many jobs disappearing due to cut backs and downsizing, severance packages are becoming more and more common. As a result, workers who are laid off are wondering what their severance package should look like. The most common question…
If you have recently lost your job and are offered a severance pay agreement, you may be wondering how much of the agreed-upon amount you will actually see after taxes. This is a very good question, and one that even…
When your Human Resources Department calls you in to offer you a severance package upon your termination, it is important to remember that they are doing so because they want something from you. In the best of circumstances, a severance…
Severance pay is an option many companies use when they need to lay off or fire an employee. By offering a severance package, an employer attempts to protect themselves in one of two ways. If you are being fired under…